Kuwaiti dinar is the strongest currency in the world

  • 11/05/2023

Kuwait City: The U.S. dollar is regarded to be the world's most powerful and traded currency. Based on the relative value to the U.S. dollar, the Kuwaiti dinar is the strongest currency in the world, with 1 Kuwaiti dinar will exchange for around 3.26 U.S. dollars or US$1 equals 0.31 Kuwaiti dinars.

Kuwait is located between Saudi Arabia and Iraq, acquiring much of its wealth from being one of the world's top oil exporters. Initially pegged to the British pound when it was first launched in the 1960s, the Kuwaiti dinar was later re-pegged to an to an unrecognised basket of currencies.

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